Square to Acquire Afterpay for USD $29 Billion
Square, Inc., an American financial services and digital payments company, announced that it has agreed to acquire all of the issued shares in Afterpay, an international payments platform, by way of a recommended court-approved Scheme of Arrangement. The transaction has an implied value of approximately US$29 billion based on the closing price of Square common stock on July 30, 2021, and is expected to be paid in all stock.